COMMON STOCK WARRANTS AND OPTIONS (Tables)

12 Months Ended

Jun. 30, 2013

Common Stock Warrants and Options [Abstract]

Schedule of exercise prices and expiration dates for warrants outstanding

	Exercise
Warrants	Price	Expiration
Outstanding	Per Share	Date
903,955	$                  5.90	September 14, 2013
2,148,753	$                  1.13	December 31, 2013
4,264,000	$              2.6058	September 18, 2016
45,000	$                  2.10	December 31, 2017
7,361,708

Schedule of common stock option activity

						Weighted-
				Exercise		Average
	Options			Price		Exercise
	Outstanding			Per Share		Price
Outstanding and exercisable at June 30, 2010		160,000		$	7.50-8	$	7.52
Granted		-			-		-
Expired		(69,334	)	$	7.50	$	7.50
Outstanding and exercisable at June 30, 2011		90,666		$	7.50-8	$	7.53
Granted		-			-		-
Expired		(45,333	)	$	7.50-8	$	7.53
Outstanding and exercisable at June 30, 2012		45,333		$	7.50-8	$	7.53
Granted		-			-		-
Expired		(45,333	)	$	7.50-8	$	7.53
Outstanding and exercisable at June 30, 2013		-		$	-	$	-